Tuesday, 21 April 2026
Energy group Premier Energy, backed by Czech entrepreneur Jiří Šmejc through Emma Capital, is planning to acquire Romanian electricity distributor Evryo in a deal valued at approximately €700 million.
The company has already signed an agreement covering Evryo’s network assets, including its core subsidiary Distribuție Energie Oltenia, which serves around 1.5 million customers. The network ranks among the largest electricity distribution systems in Romania.
The transaction remains subject to shareholder approval and regulatory clearance, with a decision expected at Premier Energy’s general meeting scheduled for 10 June. The group anticipates completing the acquisition in the second half of 2026.
The seller is Macquarie Asset Management, which has held the asset as part of its broader infrastructure portfolio.
Premier Energy is considering financing the acquisition either fully or partially through a bond issuance. If completed, the deal would mark a strategic shift for the company, giving it direct exposure to regulated electricity distribution alongside its existing activities in power generation, supply and gas distribution.
The group has been active in Romania since 2013 and is currently listed on the Bucharest Stock Exchange, with a market value of roughly CZK 27 billion. Expanding into regulated infrastructure is expected to provide more stable and predictable revenues.
Beyond Romania, Premier Energy also operates in Moldova and Hungary. The company has been growing its renewable energy portfolio, including the acquisition of a majority stake in a wind farm in Hungary from Iberdrola last year, following an earlier wind asset purchase in Romania.
The planned acquisition underlines ongoing investor interest in regulated energy infrastructure across Central and Eastern Europe, particularly assets offering stable, long-term returns.
Source: CTK
